It's not a good time for US citizens using Binance, in less than 90 days they will no longer be able to trade on the exchange. However, Changpeng Zhao, CEO of Binance, has a plan. It's time for Binance America.
Investors have only 90 days to finish their transactions.
on June 14. Regrettably, new conditions are not favourable for US citizens
Binance is unable to provide services to any U.S. person. Binance maintains the right to select its markets and jurisdictions to operate and may restrict or deny the Services in certain countries at its discretion.
Later on, the company has made another update:
Time for Binance America
Changes in the exchange's regulations are definitely harmful to US citizens, however, it is not completely bad news since Binance.US
is about to be launched soon. After informing about changes, the stock exchange officially announced the commencement of cooperation with BAM Trading Services Inc.
in order to offer transaction services in the USA.
Thanks to the cooperation with BAM, the exchange will be able to successfully license its technologies to its USA partner, who is entirely regulated by FinCEN (Financial Crimes Enforcement Network). After being asked about the partnership, Changpeng Zhai
We are excited to finally launch Binance.US and bring the security, speed, and liquidity of Binance.com to North America… Binance.US will be led by our local partner BAM and will serve the U.S. market in full regulatory compliance.
The information has also been confirmed on the BAM blog:
BAM Trading Services is thrilled to announce a partnership with global leading cryptocurrency exchange Binance to launch Binance.US.
The BNB token depreciates